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Back 1 Reeman Court
Off Market

1 Reeman Court

Ellen Grove QLD 4078

5
5
4
216 m²
400 m²
Block of units
Hugo Alexander Property GroupHugo Alexander Property Group, last sold this property on 01 February 2026 after 174 days on market.

Overview

Brand New Large Rooming House $2000 per week

Hugo Alexander is pleased to present this exceptional investment opportunity in Ellen Grove, Brisbane. This brand new rooming house will be delivered fully finished. Purpose built to achieve strong rental income, this Rooming House is uniquely designed in a quiet cul de sac in the western suburb of Ellen Grove. This is a brand new investment property on 400m2 lot. Priced to sell, the property comes with a full furniture package and battery solar system. It is a timber frame home with 5 courtyards and concrete driveway parking for tenants, deep eaves and a lovely gable colorbond roof. Each room will be separately fenced. Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition. Ellen Grove offers a peaceful suburban environment with essential conveniences within walking distance, particularly public transport and a small local shopping centre. For broader amenities—larger shopping centres, schools, or eateries—Forest Lake is just a short drive away. If you'd like help locating childcare, medical centres, and more recreational spots nearby. Rental Income $2000 to per week. $104,000 p.a. fully leased Leases from $400 - $425 per week per room. This property features: - 400m2 lot in quiet street - 216m2 low-set build with high ceilings - Class 1B certified rooming house - Solar system with Battery - 5 individual leases as per 1B certification - Furniture and appliances included - 5 larger courtyards - 6 kitchens - 3 car spaces Location: 8 mins to Forest Lake 19 mins from Indooroopilly Westfield 15 mins from DFO Jindalee 10 mins to Redbank Central 22 mins to Westfield Mount Gravatt Neighbouring suburbs: Carole Park, Forest Lake, Richlands Financing a rooming house: Cash flow positive properties are much easier and more accessible today with competitive finance from a number of lenders such as Liberty, Mortgage Mart, Columbus Capital, Granite and are available through experienced finance brokers. We would be happy to refer you should you need. Leverage cash or collateral in existing properties from 10 to 20% deposit. Call us for a no obligation introduction to a broker that can see if you qualify to buy a cash flow positive asset. Don't miss out on this great investment opportunity.

Features

5 bedrooms
5 bathrooms
4 carspaces
4 open car spaces
216 m² floor area
400 m² lot size
Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in Ellen Grove over the last 12 months.

Property history for 1 Reeman Court

2026
Sold
Undisclosed
01 Feb 2026 by Hugo Alexander Property Group, of Hugo Alexander Property Group Fortitude Valley

Happy sellers in Ellen Grove

93%
93% of sellers in Ellen Grove reported that their sale price either exceeded or met their price expectations.

Ellen Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Ellen Grove over the last 12 months.

Local market activity for 5 bedroom block of units in Ellen Grove

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ellen Grove

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Nick Chen

Sellers who recommend Nick Chen have praised them for being clear communication, responsive, local expert, friendly, well-prepared, reliable and supportive

  •   4.9   (137 reviews)
  •  4 Reviews in Ellen Grove
  •  7 Sales in Ellen Grove
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Andreas Stavrou

Sellers who recommend Andreas Stavrou have praised them for being local expert

  •   4.9   (41 reviews)
  •  3 Reviews in Ellen Grove
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Leisa Le

Sellers who recommend Leisa Le have praised them for being local expert, clear communication, responsive, supportive, reliable, friendly and well-prepared

  •   4.9   (698 reviews)
  •  2 Reviews in Ellen Grove
  •  3 Sales in Ellen Grove
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Tia Borg

Tia Borg is a recommended agent for Ellen Grove.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  2 Reviews in Ellen Grove
  •  1 Sale in Ellen Grove
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